According to an Oct 7 release, the group says the second loan is set to be used by Metech for business diversification related purposes and general corporate and working capital purposes.
Catalist-listed Metech International (SGX:V3M
) has entered into a $3 million interest-free loan agreement with Cao Shixuan, general manager of a subsidiary of the group. This marks the second loan agreement between Metech and Cao.
The group had entered into an $1.0 million interest-free loan agreement with Cao on March 25.
